An Earnings Turnaround for CF Industries

Published November 1, 2018

CF Industries is reporting third quarter earnings of $30 million. That compares to a loss of $87 million one year ago. Sales for the fertilizer company are up 20 percent. The outlook is also positive. CF Industries expects U.S. farmers to plant 93 million acres of corn in 2019, up from 89 million acres this year. Wheat acreage is also expected to increase. That trend will influence the demand for nitrogen fertilizer.